Delta Earnings play, came in with Great earnings and forward outlook. stayed out of the way of $BA recent issues with Mega. overall was a great play
In the morning I was looking for price to find support. came down $1, right into the 61 area and started to show buying, waited for a confirmation candle and took a position. tried to test new highs but immediately got stuffed so i took the position off. Overall i was happy with my exit, i felt didnt overstay the welcome and took profits where the chart showed reversal.
First short it was a little too early, was trying to play off the dojis,It was the second time that came up on the one minute so I decided to put on a position. Ended up getting a solid green candle next, about $.20 and knew that with the time of day it was best if I took this off and looked later.
Around 1015 it started showing more weakness and volume is dropping off quite significantly. Decided to retry and entry be around where I had gotten out on the previous short. Wrote it down to the 6160 area, felt I wasn’t getting a good read on the chart from that point and decided to pull the position and take profit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-14 09:37:33 | DAL | buy | $61.383 | long |
2020-01-14 09:41:18 | DAL | sell | $61.670 | 0 |
2020-01-14 09:56:10 | DAL | sell | $61.880 | short |
2020-01-14 09:57:49 | DAL | buy | $62.075 | 0 |
2020-01-14 10:16:10 | DAL | sell | $62.070 | short |
2020-01-14 10:25:18 | DAL | buy | $61.647 | 0 |
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